Price for Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay - 2024

Contents:

  1. Price for Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay (CIF) - 2022
  2. Price for Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay (FOB) - 2022
  3. Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay
  4. Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay

Price for Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay (CIF) - 2022

In 2022, the average import price for spices; mixtures of 2 or more products of the same heading amounted to $5,652 per ton, with an increase of 30% against the previous year. Overall, the import price, however, saw a perceptible contraction. The growth pace was the most rapid in 2015 an increase of 47%. Over the period under review, average import prices attained the maximum at $9,183 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($16,567 per ton), while the price for Turkey ($2,458 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+0.1%), while the prices for the other major suppliers experienced a decline.

Price for Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay (FOB) - 2022

The average export price for spices; mixtures of 2 or more products of the same heading stood at $5,815 per ton in 2022, rising by 62% against the previous year. In general, the export price posted perceptible growth. The growth pace was the most rapid in 2021 an increase of 84% against the previous year. The export price peaked at $9,073 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($28,857 per ton), while the average price for exports to Brazil ($3,782 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+23.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay

Imports of spices; mixtures of 2 or more products of the same heading into Paraguay dropped dramatically to 1.9 tons in 2022, reducing by -56.3% on the previous year's figure. In general, imports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 with an increase of 211% against the previous year.

In value terms, imports of spices; mixtures of 2 or more products of the same heading fell notably to $11K in 2022. Over the period under review, imports saw a dramatic slump. The most prominent rate of growth was recorded in 2021 with an increase of 56% against the previous year.

Import of Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Spain3.50.41.03.3-1.9%
Austria7.20.81.03.0-25.3%
Turkey7.01.02.82.5-29.1%
Germany0.1N/A0.22.2180.2%
United States3.60.24.9N/A16.7%
Lebanon1.20.94.9N/A102.1%
India0.90.91.1N/A10.6%
Taiwan (Chinese)1.90.42.2N/A7.6%
Others16.27.81.3N/A-71.7%
Total41.612.419.411.0-35.8%

Top Suppliers of Spices; Mixtures of 2 or More Products of the Same Heading to Paraguay in 2022:

  1. Turkey (1000.0 kg)
  2. Austria (450.0 kg)
  3. Germany (294.0 kg)
  4. Spain (201.0 kg)

Exports of Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay

In 2022, overseas shipments of spices; mixtures of 2 or more products of the same heading decreased by -89.6% to 135 kg, falling for the second year in a row after two years of growth. Over the period under review, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2020 when exports increased by 30% against the previous year. As a result, the exports reached the peak of 5.6 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of spices; mixtures of 2 or more products of the same heading reduced markedly to $785 in 2022. In general, exports continue to indicate a dramatic shrinkage. The smallest decline of -53.9% was in 2020.

Export of Spices; Mixtures of 2 or More Products of the Same Heading in Paraguay (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Brazil4.91.21.90.4-56.6%
Spain6.50.61.00.2-68.7%
Italy4.30.70.90.1-71.5%
ArmeniaN/A0.6N/AN/A0%
United Arab EmiratesN/A3.9N/AN/A0%
Saudi ArabiaN/A3.7N/AN/A0%
Others7.80.10.90.1-76.6%
Total23.510.84.70.8-67.6%

Top Export Markets for Spices; Mixtures of 2 or More Products of the Same Heading from Paraguay in 2022:

  1. Brazil (101.0 kg)
  2. Italy (21.0 kg)
  3. Spain (7.0 kg)

Source: IndexBox Market Intelligence Platform

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